Month: May 2016

Oil prices dipped on Monday as a strong dollar weighed on markets and Canadian oil sands production was expected to increase this week. Crude markets, however, did receive some support Continue Reading

The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Tabel 11.1b World Crude Oil Continue Reading

Libya’s Petroleum Facilities Guard captured a town near the country’s biggest oil port of Es Sider after clashes with Islamic State militants as the divided country works to reunite factions Continue Reading

Libyan forces loyal to the U.N.-brokered government advanced on Monday against two key Islamic State strongholds, with several officials saying the troops had taken a town from the extremists. The Continue Reading

Saudi Arabia’s new energy minister, Khalid al-Falih, shown in a January photo, has a full… As the Organization of the Petroleum Exporting Countries prepares to meet this week, representatives say Continue Reading

Saudi Arabia’s new energy minister, Khalid al-Falih, shown in a January photo, has a full… As the Organization of the Petroleum Exporting Countries prepares to meet this week, representatives say Continue Reading

Oil pipeline Two years ago, while Kurdish oil was flowing to Turkey’s port of Ceyhan, Iran and the Kurdistan Regional Government (KRG) signed a natural gas-for-oil agreement that included the Continue Reading

Construction workers building a new bridge against the skyline of Mozambique’s capital, Maputo, in April…. Along Africa’s resource-rich eastern coast, the promise of gas-fired prosperity is wafting into an uncertain Continue Reading

Nigeria’s President Muhammadu Buhari has given the nation’s central bank the go-ahead to introduce flexibility in the naira exchange rate, his spokesman said on Monday. “The president is opposed to Continue Reading

Oil prices dipped on Monday as a strong dollar weighed on markets and Canadian oil sands production was expected to increase this week. Crude markets, however, did receive some support Continue Reading

The Organization of the Petroleum Exporting Countries isn’t likely to take any coordinated action on crude-oil output at its meeting on Thursday, representatives said, as the group sees signs of Continue Reading

African countries face new hurdles in their quest to turn on the lights for about 621 million people as global financiers become increasingly reluctant to fund non-renewable energy projects. It Continue Reading

Militants blew up strategic gas and crude pipelines belonging to Shell and Agip on Saturday in an increasingly fierce campaign that has chopped Nigeria’s oil production in half, militants and Continue Reading

Lufthansa has cancelled the only flight between Germany and Venezuela, underlining the worsening conditions and growing isolation of the South American country. The German airline has flown from its Frankfurt Continue Reading

Oh, that men should put an enemy in their mouths to steal away their brains.Nicolás Maduro’s stint as president of Venezuela has had Shakespearean overtones from the start. Ascending to Continue Reading

Suncor Energy said it expects to restart its Canadian oil sands operations, such as work… Canada’s largest crude-oil producer said it expects initial production to commence by the end of Continue Reading

Climate change deniers like to style themselves as latter-day Copernicuses and Galileos , lone visionaries bucking the established wisdom of the ages embodied back then in the teachings of the Continue Reading

Dollar strength returns to pressure prices lower, while a bout of profit-taking after hitting the psychological level of $50 is spurring on selling into the holiday weekend. Hark, here are Continue Reading

Oil trimmed its third weekly advance as Canadian energy producers moved to resume operations after wildfires eased. Futures fell 0.9 percent in New York, paring the weekly advance to 2.7 Continue Reading

The annual meetings of some of the world’s largest oil companies this week were like therapy sessions for an industry that is suffering from existential angst. The international objective of Continue Reading